LENDING FINANCE COMMITMENTS
- In original terms, the value of lending finance commitments fell across most types of finance in the month of August 2009.
- Commercial finance commitments decreased to less than $2.4 billion (16%), following a larger decrease (23%) in July. The August 2009 value was almost 27% lower than the value for the same month of the previous year.
- Lease finance commitments fell to $14 million in August. This was 20% lower than in the previous month and 65% lower than in August 2008.
2 August key figures |
|
 | | Jul 09 | Aug 09 | Jul 09 to Aug 09 | Aug 08 to Aug 09 |
| | $m | $m | % change | % change |
|
| Original | | | | |
| Housing finance for owner occupation | 2 259.9 | 2 000.6 | -11.5 | 24.4 |
| Personal finance | 1 031.5 | 1 002.7 | -2.8 | 14.6 |
| Commercial finance | 2 823.3 | 2 367.3 | -16.2 | -26.8 |
| Lease finance | 17.5 | 14.0 | -20.0 | -64.9 |
|
Source: Lending Finance, Australia, cat. no. 5671.0.
- The value of lending commitments in August 2009 was lower than in the previous month for owner-occupied housing finance (down 11.5%) and personal finance (down 2.8%). However, lending commitments in these areas were higher than in August of the previous year by 25% and 15% respectively.
- In comparison with personal finance lending, commercial lending has shown greater volatility over the last few years.
To view Excel spreadsheet :
Lending Finance Commitments
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